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News Brief

July 27, 2001
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The U.S. House of Representatives overwhelmingly passed a five-year extension of the Iran Libya Sanctions Act, a day after it was approved in the Senate. The White House had advocated a two-year extension of the act, which imposes sanctions on foreign firms that invest in either country’s energy sector. A White House spokesman said it is too early to tell whether the president will sign a five- year extension of the act, which expires early next month.

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